As of August 01, 2026, the average salary for a Collections Clerk, Entry - Loans in the United States is $39,600 per year, which breaks down to an hourly rate of $19.
However, a Collections Clerk, Entry - Loans's salary can vary significantly. Here’s a look at the typical salary range:
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A Collections Clerk, Entry - Loans's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education, and company size can directly affect your earning potential.
Experience is a primary driver of a Collections Clerk, Entry - Loans's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Collections Clerk, Entry - Loans | 0-1 years | $39,528 |
| Collections Clerk, Experienced - Loans | 1-3 years | $44,486 |
| Collections Clerk, Senior - Loans | 3-5 years | $51,133 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Collections Clerk, Entry - Loans. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 16.58% |
| Call Center | 2.98% |
| Bankruptcy | 1.56% |
Collections Clerk, Entry - Loans salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $42,853. While startup companies pay approximate $36,279.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $36,279 |
| Growth Stage | 51~500 | $38,367 |
| Established | 501~5000 | $41,389 |
| Enterprise | 5000+ | $42,853 |
For Collections Clerk, Entry - Loans roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 20% above the average. Conversely, Collections Clerk, Entry - Loans positions in Business Services typically offer lower base pay, as this sector often view Collections Clerk, Entry - Loans as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $47,520 | $23.0 | 20% |
Your level of education can impact your salary potential. While many Collections Clerk, Entry - Loans enter the field with a High School Diploma or Technical Certificate degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Collections Clerk, Entry - Loans with a High School Diploma or Technical Certificate is between $31,930 and $34,206).
Collections Clerk, Entry - Loans Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 36.4% |
| High School | 36.4% |
| Associates | 21.2% |
| Bachelors | 33.3% |
| Masters | 9.1% |
| Doctorate | 0.0% |
Understanding how a Collections Clerk, Entry - Loans's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on August 01, 2026Promotions are the fastest way to increase your earnings. As a Collections Clerk, Entry - Loans, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Consumer Loan Collector, Experienced | $44,400 | 12% |
| Account Settlement Representative II - Consumer Loans | $43,300 | 9% |
| Collections Clerk, Experienced - Loans | $44,500 | 12% |
| Delinquent Mortgage Collector II | $54,100 | 37% |
Salaries for a Collections Clerk, Entry - Loans can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $39,825 in 2023 to around $38,934 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Collections Clerk, Entry - Loans salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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| 2023 | $39,825 |
| 2024 | $39,233 |
| 2025 | $38,934 |
| 2026 |
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| 2027 |
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The Financial Services industry offers the highest average compensation for Collections Clerk, Entry - Loans roles, with salaries approximately 20% above the market median.
The salary for a Collections Clerk, Entry - Loans ranges from ?30,200 to ?38,400, with a mid-range salary of ?34,300. In comparison, other clerk salaries in India are significantly higher, such as the Indian Army Clerk at ?6.3 Lakhs per year and Tamilnad Mercantile Bank Clerk at ?6.1 Lakhs per year.
A Collections Clerk typically earns between $30,200 and $38,400 annually, with a median salary of around $34,300. Salaries can vary by state, with some locations offering higher compensation. For example, in Virginia, the average salary is approximately $39,049, while in California, it is about $38,871.
A Collection Clerk is responsible for managing and collecting past due payments from customers. This role involves contacting customers via phone or mail, negotiating payment plans, and updating account information. Collection Clerks typically earn between $30,200 and $38,400, with a median salary of $34,300, and work across various industries, including finance, healthcare, and retail.
Collections can be a rewarding career with significant growth potential. Entry-level positions, such as Collections Clerk, offer salaries ranging from $30,200 to $38,400, with a midpoint of $34,300. With experience and a successful track record, you can advance to supervisory and managerial roles, leading teams and increasing your earnings.
The estimated total pay for a Collections Clerk, Entry - Loans ranges from KES 30,200 to KES 38,400 annually, with a midpoint salary of KES 34,300. This reflects the typical salary range for this position, providing a clear understanding of potential earnings in this role.
The salary for a Collections Clerk in the Entry - Loans position ranges from $30,200 to $38,400, with a mid-range salary of $34,300. While some cities may offer higher salaries, this range reflects the typical earnings for this role.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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